Kimbell Price To Sales Ratio vs Days Sales Outstanding Analysis

KRP Stock  USD 16.20  0.02  0.12%   
Kimbell Royalty financial indicator trend analysis is infinitely more than just investigating Kimbell Royalty Partners recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kimbell Royalty Partners is a good investment. Please check the relationship between Kimbell Royalty Price To Sales Ratio and its Days Sales Outstanding accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kimbell Royalty Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Price To Sales Ratio vs Days Sales Outstanding

Price To Sales Ratio vs Days Sales Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kimbell Royalty Partners Price To Sales Ratio account and Days Sales Outstanding. At this time, the significance of the direction appears to have weak relationship.
The correlation between Kimbell Royalty's Price To Sales Ratio and Days Sales Outstanding is 0.31. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Days Sales Outstanding in the same time period over historical financial statements of Kimbell Royalty Partners, assuming nothing else is changed. The correlation between historical values of Kimbell Royalty's Price To Sales Ratio and Days Sales Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Kimbell Royalty Partners are associated (or correlated) with its Days Sales Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Sales Outstanding has no effect on the direction of Price To Sales Ratio i.e., Kimbell Royalty's Price To Sales Ratio and Days Sales Outstanding go up and down completely randomly.

Correlation Coefficient

0.31
Relationship DirectionPositive 
Relationship StrengthVery Weak

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Kimbell Royalty Partners stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Kimbell Royalty sales, a figure that is much harder to manipulate than other Kimbell Royalty Partners multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Days Sales Outstanding

Most indicators from Kimbell Royalty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kimbell Royalty Partners current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kimbell Royalty Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
At this time, Kimbell Royalty's Tax Provision is relatively stable compared to the past year. As of 12/03/2024, Issuance Of Capital Stock is likely to grow to about 568.5 M, while Selling General Administrative is likely to drop slightly above 34.8 M.
 2021 2022 2023 2024 (projected)
Interest Expense9.2M13.8M26.0M27.2M
Depreciation And Amortization37.1M50.4M96.8M101.7M

Kimbell Royalty fundamental ratios Correlations

0.880.490.60.920.450.970.990.920.780.991.0-0.340.490.940.990.960.920.940.920.930.720.810.890.980.11
0.880.660.760.780.680.80.870.870.530.820.89-0.350.680.870.820.850.810.880.780.880.890.570.860.830.22
0.490.660.980.560.640.490.440.70.120.390.49-0.440.660.670.390.630.620.680.560.710.690.030.550.51-0.2
0.60.760.980.660.630.590.560.790.270.50.6-0.420.650.770.50.730.720.780.660.80.750.170.620.63-0.2
0.920.780.560.660.280.960.890.930.750.910.91-0.410.320.940.910.950.950.931.00.930.610.710.820.94-0.2
0.450.680.640.630.280.280.490.520.080.320.460.080.960.50.320.40.380.50.280.520.830.190.650.350.44
0.970.80.490.590.960.280.940.930.810.970.96-0.410.350.950.970.970.950.940.960.930.640.790.830.98-0.13
0.990.870.440.560.890.490.940.910.810.980.99-0.210.520.930.980.940.910.920.890.910.720.860.90.970.15
0.920.870.70.790.930.520.930.910.740.880.92-0.320.591.00.880.970.971.00.931.00.80.70.830.95-0.16
0.780.530.120.270.750.080.810.810.740.820.780.040.140.760.820.80.820.750.750.730.350.930.570.85-0.12
0.990.820.390.50.910.320.970.980.880.820.99-0.360.370.911.00.940.90.90.910.890.630.840.840.980.08
1.00.890.490.60.910.460.960.990.920.780.99-0.340.490.940.990.960.920.930.910.930.730.810.890.980.12
-0.34-0.35-0.44-0.42-0.410.08-0.41-0.21-0.320.04-0.36-0.340.05-0.32-0.36-0.38-0.3-0.34-0.41-0.35-0.210.17-0.21-0.330.15
0.490.680.660.650.320.960.350.520.590.140.370.490.050.570.370.450.440.570.320.580.890.240.670.410.27
0.940.870.670.770.940.50.950.931.00.760.910.94-0.320.570.910.980.981.00.931.00.790.720.840.96-0.14
0.990.820.390.50.910.320.970.980.880.821.00.99-0.360.370.910.940.90.90.910.890.630.840.840.980.08
0.960.850.630.730.950.40.970.940.970.80.940.96-0.380.450.980.940.980.980.950.980.690.740.820.99-0.11
0.920.810.620.720.950.380.950.910.970.820.90.92-0.30.440.980.90.980.980.950.970.680.750.80.97-0.22
0.940.880.680.780.930.50.940.921.00.750.90.93-0.340.571.00.90.980.980.931.00.80.710.840.96-0.14
0.920.780.560.661.00.280.960.890.930.750.910.91-0.410.320.930.910.950.950.930.930.610.710.820.94-0.2
0.930.880.710.80.930.520.930.911.00.730.890.93-0.350.581.00.890.980.971.00.930.80.690.840.95-0.15
0.720.890.690.750.610.830.640.720.80.350.630.73-0.210.890.790.630.690.680.80.610.80.420.80.660.13
0.810.570.030.170.710.190.790.860.70.930.840.810.170.240.720.840.740.750.710.710.690.420.660.820.07
0.890.860.550.620.820.650.830.90.830.570.840.89-0.210.670.840.840.820.80.840.820.840.80.660.820.19
0.980.830.510.630.940.350.980.970.950.850.980.98-0.330.410.960.980.990.970.960.940.950.660.820.82-0.05
0.110.22-0.2-0.2-0.20.44-0.130.15-0.16-0.120.080.120.150.27-0.140.08-0.11-0.22-0.14-0.2-0.150.130.070.19-0.05
Click cells to compare fundamentals

Kimbell Royalty Account Relationship Matchups

Kimbell Royalty fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets748.6M564.6M601.5M1.1B1.3B1.4B
Short Long Term Debt Total200.3M174.4M219.7M235.3M296.1M149.9M
Other Current Liab4.2M7.9M27.5M17.6M6.4M7.6M
Total Current Liabilities5.4M8.8M28.3M18.8M13.0M9.4M
Total Stockholder Equity283.8B258.6B329.6B602.6B671.6B705.2B
Net Tangible Assets283.8M378.3M329.6M813.4M935.4M982.2M
Property Plant And Equipment Net709.2M526.1M545.5M756.7M1.2B1.3B
Net Debt89.1M164.6M212.6M210.6M265.1M278.3M
Accounts Payable1.2M889K811.0K1.2M6.6M6.9M
Cash14.2M9.8M7.1M24.6M31.0M32.5M
Non Current Assets Total714.5M536.3M556.1M1.0B1.2B1.3B
Non Currrent Assets Other2.3M5.1M5.8M(240.4B)7.3M7.7M
Other Assets2.3M5.1M5.8M1.2M1.4M2.4M
Long Term Debt100.1M171.6M217.1M233.0M294.2M308.9M
Cash And Short Term Investments14.2M9.8M7.1M24.6M31.0M32.5M
Net Receivables19.2M18.5M38.2M50.6M60.7M63.8M
Common Stock Shares Outstanding21.2M34.5M61.0M65.8M93.1M97.7M
Liabilities And Stockholders Equity389.9M263.3M271.9M474.1M309.3M245.2M
Non Current Liabilities Total103.3M177.6M224.3M244.6M296.3M311.2M
Other Stockholder Equity283.5B258.3B329.3B602.0B670.6B704.1B
Total Liab108.7M186.3M252.6M263.3M309.3M324.8M
Deferred Long Term Liab2.2M5.1M4.2M3.0M3.5M2.2M
Property Plant And Equipment Gross709.2M526.1M1.9M953.8K2.1B2.2B
Total Current Assets34.1M28.3M45.4M75.2M103.1M108.3M
Short Term Debt100.1M2.8M486.0K487.8K488.7K464.3K
Common Stock283.8M258.6M329.6M602.6M671.6M705.2M
Property Plant Equipment709.2M2.0M545.5M953.8K1.1M1.0M
Long Term Debt Total100.1M171.6M217.1M233.0M268.0M281.4M
Inventory(19.9B)(18.5B)(38.4B)(50.6B)(72.1B)(68.5B)
Other Current Assets19.9B18.5B166.3K50.6B72.1B75.8B
Cash And Equivalents14.2M9.8M7.1M24.6M28.3M29.7M
Net Invested Capital458.9M472.8M546.7M835.6M1.3B681.8M

Pair Trading with Kimbell Royalty

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Kimbell Royalty position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Kimbell Royalty will appreciate offsetting losses from the drop in the long position's value.

Moving together with Kimbell Stock

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Moving against Kimbell Stock

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  0.49BRY Berry Petroleum CorpPairCorr
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The ability to find closely correlated positions to Kimbell Royalty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kimbell Royalty when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Kimbell Royalty - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Kimbell Royalty Partners to buy it.
The correlation of Kimbell Royalty is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kimbell Royalty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kimbell Royalty Partners moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Kimbell Royalty can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Kimbell Stock Analysis

When running Kimbell Royalty's price analysis, check to measure Kimbell Royalty's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Kimbell Royalty is operating at the current time. Most of Kimbell Royalty's value examination focuses on studying past and present price action to predict the probability of Kimbell Royalty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kimbell Royalty's price. Additionally, you may evaluate how the addition of Kimbell Royalty to your portfolios can decrease your overall portfolio volatility.